TERMIUM Plus®

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GARANTIE EGARD PREMIERES PERTES [1 record]

Record 1 2017-01-25

English

Subject field(s)
  • Investment
  • Insurance
CONT

A first-loss guarantee covers the first default on a loan up to a specific percentage of the total loan amount. For example, on a 50% first loss guarantee in the case of default, the first 50% of the loan that is not repaid is covered by the guarantee.

OBS

first loss guarantee: term extracted from the “Glossaire de l’économie” and reproduced with permission of the Organisation for Economic Co-operation and Development.

French

Domaine(s)
  • Investissements et placements
  • Assurances
OBS

garantie au premier risque : terme extrait du «Glossaire de l’économie» et reproduit avec l’autorisation de l’Organisation de coopération et de développement économiques.

Spanish

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